Costs and budgeting

Planning your finances is an important part of preparing for your global experience. You will need to pay for all living expenses, such as accommodation, travel and food. Living costs vary according to your destination so it’s important to prepare a budget. Be sure to check costs and inclusions for the program you are applying for in order to plan your budget.

Can I get financial assistance?

We have a range of funding options for students, from $1000 Global Experience mobility grants to scholarships worth up to $10,000. You can only qualify for one funding opportunity per global experience. You will be considered for all possible options, but please be aware that due to quotas and eligibility, we cannot guarantee that you will qualify for financial assistance.

OS- HELP loans

Overseas Student HELP loans (OS-HELP) are provided by the Commonwealth government to eligible HECS-HELP students undertaking various international experiences for credit.  This loan is added to your HECS HELP debt.

Youth Allowance and Austudy

If you are currently receiving Youth Allowance or Austudy you can continue to receive payments while studying overseas. If you are on one of our short-term programs, so long as you have a full time study load for the year, your payments will continue while you are overseas. If you are accepted for exchange, you should make an appointment with Centrelink to discuss your plans.

If you are on a study abroad program (self-sourced with up-front international tuition fees), you are not eligible for Centrelink payments to continue.

Find out more about  continuing your Centrelink support while overseas:

New Colombo Plan mobility grants

The New Colombo Plan (NCP) is an initiative of the Australian government which aims to lift knowledge of the Indo Pacific in Australia by supporting Australian student participating in semester-based or short-term study, internships, mentorships, practicums and research in 40 host locations across the Indo-Pacific region.

If you choose to undertake a global experience in the Indo-Pacific region, you could be eligible for NCP funding. Check the program description on Mobi to find out if there is NCP funding available for your global experience.

To be eligible for NCP you must meet all of the following requirements:

  • Currently enrolled in a bachelor or bachelor with honours program
  • Australian citizen
  • Have not received an NCP grant before

There is no application form for New Colombo Plan mobility grants. If there is funding available and you are elible, you will be contacted by the Global Experience Office with an offer.

Equity travel grants

Financial assistance for Australian students on a global experience who can demonstrate financial and educational disadvantage.

The grant provides up to $4000, depending on your program and destination.


Storey Scholarships

If you are a first-time exchange participant, currently involved in community service activities, you could be eligible for a Storey Scholarship of up to $10,000.

Global Experience mobility grants

Exchange and Study Abroad students

Eligible students are automatically awarded Global Experience grants of $1,000.

Eligible students are defined as students who are not eligble for any other form of funding, including OS HELP. This includes international students, postgraduate students who are not supported by HECS HELP and vocational education students. Global Experience grants are not guaranteed due to limited funding.

 

Study Tour students

For short-term global experiences the program leader will apply on the group or tour’s behalf.  If your tour has funding available it will be outlined in the program description on Mobi.

 

There is no application form for Global Experience mobility grants.  If there is funding available and you are eligible you will be contacted by the Global Experience Office with an offer.